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notka56 [123]
2 years ago
13

If you invested $600 at 3% simple interest for 2 years, how much interest do you earn? Show work and answer in complete sentence

s to earn full credit. If you invest $600 at 4% compounded monthly for 2 years, how much interest you do earn? Show work and answer in complete sentences to earn full credit. Which would you rather do?
Mathematics
1 answer:
zzz [600]2 years ago
7 0

Answer:

I would rather do the second option of which uses Compound interest that will give a profit of $47.85

Step-by-step explanation:

In this problem we will be exploring the two formulas

1. simple interest

A= P(1+r*t)

2. compound interest

A= P(1+r/n)^nt

Where A= final amount

P= initial amount

r= rate

t= time.

n= number of periods Compounded

1.given data

P= $600

r= 3%= 3/100= 0.03

t= 2 years

A= 600(1+0.03*2)

A= 600(1+0.06)

A= 600(1.06)

A= $636

Interest = 636-600= $36

2. Given data

P= $600

r= 4%= 4/100= 0.04

n= 24

t= 2

A= 600(1+0.04/24)^24*2

A=600(1+0.0016)^48

A=600(1.0016)^48

A= 600*1.07975

A= 647.85

Interest = 647.85-600= $47.85

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NemiM [27]

Answer:

55,98,27

Step-by-step explanation:

To solve for the angles we must first find y with this equation

3y+5+2y-7=153

We can simplify this

5y-2=153

153+2=155

155/5=31

y=31

We now know y and can plug it into the angles

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2(31)-7

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<A=55

<B=3y+5

3(31)+5

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<B=98

Now time for the last angle

Since angle BCA and DCB are next to each other they add up to 180

153+x=180

180-153=27

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4 0
3 years ago
Kameron's unicycle wheel has a spoke length of 16 inches.
Alexeev081 [22]

Answer:

301.44 inches

Step-by-step explanation:

The spoke is from the center of the wheel to the edge, so its length is the radius, or 16 inches.

You want to find the distance that one rotation will take you, so you need the wheel's circumference.

Circumference = 2πr

2 x 3.14 x 16 = 100.48

100.48 inches is the distance of only 1 full rotation, so you just need to multiply 100.48 by 3 to get the distance of 3 rotations.

100.48 x 3 = 301.44

3 0
3 years ago
I was at the store, and saw two sizes of avocados being sold. The regular size sold for $0.84 each. For what prices would the la
JulsSmile [24]

Answer:

The bigger avocado will be a better deal if the ratio of the sizes of the bigger one to the smaller one is less than the ratio of the prices of the bigger one to the smaller one.

Step-by-step explanation:

Given that two sizea of avocados are being sold, since the regular size is being sold for $0.84 each, let the price for the bigger avocado be $x.

Then note the following:

1. How bigger than the smaller avocado is the bigger one?

This would determine if the price for the bigger one is a bargain, or a mistake.

If for instance, the bigger avocado is double the size of the smaller one, then for any price, $x less that $1.68 (twice of $0.84), it is a bargain.

The bigger avocado will be a better deal if the ratio of the sizes bigger one to the smaller one is less than the ratio of the prices of the bigger one to the smaller one.

6 0
2 years ago
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I mark brainlest for anybody who answer's tis question ;-;
Zepler [3.9K]

Answer:

b~ 32

Step-by-step explanation:

4 0
2 years ago
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Please solve the following question
Hoochie [10]

Question 1:

A = w * l

A = 5432m^2

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Question 2:

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336 - 158 = 178

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